Question

Often, the Delphi technique is used in conjunction with an expert forecasting survey. The major objective is to

a) allow an opportunity to obtain diverse expert opinions.
b) allow experts to work separately to reach a consensus as to their forecasts.
c) reach an accurate sales forecast through the use of multiple sales forecasting techniques.
d) determine if the expert forecasting survey is superior to regression analysis.
e) assess the extent to which this year's sales forecast is more accurate than that of previous years.

Answer 1

The Delphi technique is used with an expert forecasting survey to obtain diverse expert opinions and reach a consensus on forecasts.

Step-by-step explanation:

The Delphi technique is often used in conjunction with an expert forecasting survey to achieve the objective of allowing an opportunity to obtain diverse expert opinions. This technique involves a series of rounds of surveys and feedback, where experts are asked to provide their forecasts on a specific topic. The responses are then summarized and shared with the experts anonymously, encouraging them to revise their forecasts based on the feedback from other experts. This iterative process continues until a consensus is reached.